Gains for AT&T and Boeing Help Lift US Stocks Higher
FED IN FOCUS: The Federal Reserve is wrapping up a policy meeting on interest rates,
and most investors expect it to hold them steady after raising rates three times since December.
CHIPS ON TOP: Advanced Micro Devices soared to the biggest gain in the S&P 500 after it raised its forecast for full-year revenue growth
and reported stronger-than-expected results for the second quarter.
HEALTH WOES: Health care stocks moved lower as investors were mostly disappointed with reports or forecasts from biotechnology company Amgen, drug
and medical device maker Baxter International, and scientific instrument and laboratory equipment maker Thermo Fisher.
The Dow Jones industrial average gained 110 points, or 0.5 percent, to 21,723, and the Nasdaq composite rose 8 points, or 0.1 percent, to 6,420.
